• Triasha@lemmy.world
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    1 day ago

    China has 4-6 months national use in their oil reserves and they have a pipeline to Russia, but if this goes long enough they will starve and their economy will crash.

    Currently, China is watching America set itself on fire, but those flames are spreading.

    • humanspiral@lemmy.ca
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      12 hours ago

      Venezuela is “allowed” to sell oil to China, now. Russia, China, US, Canada, Venezuela, Brazil do relatively well in global collapse. Though US/Israel loses ally loyalty due to being directly responsible for it.

      China is best positioned of all due to alternative energy dominance, huge reserves, and priority for imports due to geopolitical power of destroying US/Israel ships/bases. Their economy will crash far less than rest of world, solar/EV exports will surge significantly, and all countries need stronger alliance with China after this fiasco.

      US collapse despite oil export capabilities will be extremely visible as inevitable. Dedollarization and definancialization of its markets led by higher GCC country priorities, including diversification of alliances with their best customer, anti-US sentiment by colonies including NATO, absurd supplementary War replenishment funding bill, facing a stagflation environment. Japan and other US ally collapsing debt levels means further definancialization of US bubble. Skynet all in market strategy requires helium from GCC, Asian allies, and government financing credibility.

      • Triasha@lemmy.world
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        22 hours ago

        They are buying Iranian oil, but they are cut off from gulf state suppliers, except for the fraction of Soudi oil that goes to the red sea.

    • shawn1122@sh.itjust.works
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      1 day ago

      China has more options than you let on. They are in no way dependent on Iranian oil. Global inflation and a global recession will certainly effect them but that will effect everyone. If it gets to that then the world may well turn on Israel for starting this.